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2200 Market St
Charlestown, IN 47111

$43,886,000 USD

Hospital For Sale  •  88,294 SF

Property Details

• Property Type Hospital
• Total Building Size 88,294 SF
• Lot Size 10.23 AC
• Building Class B
• Year Built 1976
• Cap Rate 9.27 %
• Tenancy Single

20 Walk Score

Highlights

LONG-TERM, ABSOLUTE NNN LEASE – The hospital operates under a 15-Year Absolute NNN lease with zero landlord responsibilities.

STEADY INCOME GROWTH WITH ANNUAL INCREASES – Built-in 2% rent escalations throughout the term and options hedge against inflation.

MISSION-CRITICAL HEALTHCARE FACILITY – The nearest inpatient facility nearly a half-hour drive from the property.

STUDS-OUT RENOVATION – The fully renovated property is expected to be delivered December 2025.

9.27% CAP RATE

Property Flyers

Offering Memorandum

Cap Rate:

9.27 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Saint Catherine Regional Hospital

Public Transportation

Airport	Drive	Walk	Distance
Louisville Muhammad Ali International	42 min	-	25.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	350
Type:	Surface
Included in Rent:	Yes